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Values Up 17%, 8 Comps Back $191K
Updated 13 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental appeal with a projected monthly income range between 1,147 and 1,256 dollars. These figures align well with local market trends for similar two-bedroom homes in the Des Moines 50315 area. Investors can anticipate a solid rental yield of approximately 8.85 percent, making this a reliable income-producing asset. With consistent market demand and stable appreciation, this property represents a practical and attractive opportunity for your portfolio.
More about this home
Neighborhood Assessment
219 Watrous Ave sits in Watrous Heights, a transitional neighborhood in Des Moines showing modest appreciation. The 924 sq ft, 2-bed/1-bath home is priced at $163K, slightly below the $176/sqft market rate. Comparable homes on Watrous Ave range from $157K–$216K, with similar-sized properties commanding $190K–$205K. The neighborhood features South Union Elementary (4-star, 0.3 mi away) and decent walkability, but Lincoln High School rates poorly (1-star). Environmental risks are minimal. Property values have grown steadily but modestly since 2016.
Market Activity
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Rental Income
$14K
Yield
8.9%
Appreciation
$555
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, increasing the price per square foot from roughly $193 to $214. This 11% improvement in performance makes your property a standout choice that attracts buyers looking for comfort and style. Refreshing your space enhances market appeal and supports a higher price potential of up to $209,000. For both homeowners and investors, this upgrade unlocks better rental prospects and creates a more inviting, high-quality living environment overall.
Value Add
$19K
Appreciation
$678
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $189,000 and $209,000. Upgrading this 924-square-foot home aligns well with market trends, effectively driving value through strategic improvements and capitalizing on competitive neighborhood demand. Investors can expect a projected monthly rental income of $1,373, resulting in an 8.3% yield. With stable appreciation rates, this project presents a balanced opportunity to build equity while maintaining consistent cash flow in a proven market.
Rental Income
$16K
Yield
8.3%
Appreciation
$678
Year 1 Estimates, Post Typical Renovation
Estimated value
$163K
$29K below comp median
Comparative Market Analysis
$155K – $234K
~25 days to sell
Based on 8 comps
219 Watrous Ave, Des Moines Investment Report: Flip & Rental Analysis · Frontflip